Revolutionary trends set to disrupt the automotive landscape in 2019
The automotive revolution is in flux, and it is happening fast. From driverless cars to vehicle electrification, the automotive landscape is changing like never before with the proliferation of the Internet of Things (IoT) technology, enabling transformational change. As 2019 draws nearer, let’s look at some of the defining trends that are going to set the tone for the automotive revolution in the coming year.
Proliferation of Connected Vehicles
According to MarketResearch.com, automotive technology is evolving in an unimaginable way. The vehicle has evolved into a sophisticated computer-driven machine and is now becoming a digital hub for real-time two-way wireless data transfer. As Wifi, GPS, Bluetooth and 5G becomes more prevalent in vehicles, a strong IoT backup is required to connect vehicles and devices. With such IoT technologies implanted into vehicles, the car will become a connected hub. Technologies such as human-machine interface, advanced driver assistance systems (ADAS), and autonomous vehicles are the various applications that will drive the vehicle as a hub concept.
Connected Supply Chain And Improved Manufacturing
Digitization of the automotive industry will drive substantial improvements to the value chain through enhanced efficiencies, reduced costs, greater collaboration and more innovation. An interconnected supply chain have driven down costs through a better managed end-to-end process. Manufacture has been automated with technologies such as robotics, artificial intelligence and the Internet of Things, igniting a new industrial revolution. Further digitization has dropped defect rates to below 12 per million, and output has increased 8.5 times. Digitization has also led to the intensification of data gathering and analytics, reducing the number of defects and speeding up the whole process of component design, manufacturing and delivery.
Drivers no longer have to worry if they have not done their car maintenance. According to the World Economic Forum’s whitepaper on Digital Transformation of Industries: Automotive Industry, predictive maintenance capabilities are identified as being more prominent in the coming years with lower costs and intensification of its usage in the automotive industry. Increasingly sophisticated in-vehicle diagnostic systems, smart components and ubiquitous connectivity allow the vehicle and even some components to proactively signal when they need maintenance or replacement. Continuous data analysis creates new opportunities for preventive maintenance, dramatically reducing critical failures and the severity of recalls. The explosion of cheap sensors has brought down the cost of predictive maintenance and enabled next-generation servicing. Remote diagnostics enabled by telematics is expected to add $60 billion of profits to OEMs, suppliers and telematics service providers.
As technology becomes more integrated, Xerafy can plug itself into the automotive technology eco-system, driving greater value with its expertise on inventory management and capabilities to enhance data analytics. At the RFID & Wireless IoT Tomorrow Conference 2018, Xerafy launched its VDA-compliant Micro X II tags – marking Xerafy’s continued advancement of Industry 4.0 concepts in the automotive sector and its capabilities to leave a mark in the automotive sector.
How can Xerafy help your business to be part of the automotive revolution? How do you think the automotive sector will transform in the coming years? Leave a comment below or drop us an email at email@example.com.